AWM Investment Company Inc. Purchases Shares of 1,036,181 Gilat Satellite Networks Ltd. $GILT

AWM Investment Company Inc. bought a new stake in Gilat Satellite Networks Ltd. (NASDAQ:GILT - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,036,181 shares of the communications equipment provider's stock, valued at approximately $13,792,000. Gilat Satellite Networks comprises approximately 1.2% of AWM Investment Company Inc.'s portfolio, making the stock its 26th largest holding. AWM Investment Company Inc. owned 1.40% of Gilat Satellite Networks at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Gilat Satellite Networks by 33.8% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 5,556,155 shares of the communications equipment provider's stock valued at $71,476,000 after buying an additional 1,402,035 shares during the period. Van ECK Associates Corp raised its position in shares of Gilat Satellite Networks by 77.3% during the fourth quarter. Van ECK Associates Corp now owns 1,068,141 shares of the communications equipment provider's stock worth $13,822,000 after acquiring an additional 465,775 shares during the last quarter. Defiance ETFs LLC acquired a new position in shares of Gilat Satellite Networks during the fourth quarter valued at $13,555,000. UBS Group AG lifted its stake in shares of Gilat Satellite Networks by 613.4% during the third quarter. UBS Group AG now owns 963,547 shares of the communications equipment provider's stock valued at $12,545,000 after acquiring an additional 828,489 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Gilat Satellite Networks by 995.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 907,794 shares of the communications equipment provider's stock valued at $11,755,000 after acquiring an additional 824,949 shares during the last quarter. 35.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Gilat Satellite Networks

In other news, Director Amir Yechiel Ofek sold 3,923 shares of the business's stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $11.41, for a total value of $44,761.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Arieh Rohrstock sold 17,568 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $15.23, for a total transaction of $267,560.64. Following the transaction, the insider owned 7,531 shares in the company, valued at approximately $114,697.13. The trade was a 69.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.13% of the company's stock.

Gilat Satellite Networks Stock Up 1.7%

NASDAQ:GILT opened at $10.12 on Wednesday. The firm has a market capitalization of $747.16 million, a price-to-earnings ratio of 23.00 and a beta of 1.06. Gilat Satellite Networks Ltd. has a twelve month low of $9.10 and a twelve month high of $20.93. The stock's 50 day moving average price is $11.68 and its two-hundred day moving average price is $14.86.

Gilat Satellite Networks (NASDAQ:GILT - Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The communications equipment provider reported $0.20 EPS for the quarter. Gilat Satellite Networks had a net margin of 6.21% and a return on equity of 10.12%. The company had revenue of $122.66 million during the quarter. As a group, analysts anticipate that Gilat Satellite Networks Ltd. will post 0.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on GILT shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Gilat Satellite Networks in a research report on Thursday, June 18th. Zacks Research lowered shares of Gilat Satellite Networks from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 16th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 price objective on shares of Gilat Satellite Networks in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $20.00.

About Gilat Satellite Networks

Gilat Satellite Networks is a leading provider of satellite-based broadband connectivity solutions, specializing in the design, development and deployment of ground segment equipment and network services. The company's core offerings include Very Small Aperture Terminal (VSAT) modems and hub systems, network management software, and end-to-end satellite communication platforms. These technologies enable broadband Internet access, enterprise networking, and cellular backhaul in regions where terrestrial infrastructure is limited or non-existent.

Founded in 1987 and headquartered in Petah Tikva, Israel, Gilat has established a track record of innovation in satellite communications.

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